John Theriault Scholarship Fund
John Theriault Scholarship Fund consistently grows assets with minimal expenses and no officer compensation.
EIN: 16101696 · Scarborough, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $523 |
| Total Expenses | $503 |
| Program Spending | 100% |
| Net Assets | $86K |
| Transparency Score | 95/100 |
Is John Theriault Scholarship Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John Theriault Scholarship Fund directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John Theriault Scholarship Fund
John Theriault Scholarship Fund (EIN: 16101696) is a nonprofit organization based in Scarborough, ME. The organization reported total revenue of $523 and total assets of $90K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John Theriault Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John Theriault Scholarship Fund is a micro nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $503 |
| Surplus / Deficit | +$3K |
| Total Assets | $86K |
| Total Liabilities | $1 |
| Net Assets | $86K |
| Operating Margin | 83.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 2049.0 months |
Financial Health Grade: A
In 2023, John Theriault Scholarship Fund reported a surplus of $3K with revenue exceeding expenses, holds 2049.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), John Theriault Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +438.8% | -0.8% | +5.8% |
| 2022 | +58.3% | +42.8% | +1.4% |
| 2021 | -5.3% | -5.1% | +1.5% |
| 2020 | -70.2% | -64.7% | +1.7% |
| 2019 | -70.1% | — | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates John Theriault Scholarship Fund with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, John Theriault Scholarship Fund allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers and no officers receive salaries, which is highly commendable for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for John Theriault Scholarship Fund:
- Exceptional spending efficiency with very low reported expenses (e.g., $503 in 2023).
- Consistent asset growth over more than a decade, from $52,303 in 2011 to $85,888 in 2023.
- Zero officer compensation reported across all filings, indicating a volunteer-driven model.
- Strong program focus, with virtually all funds either retained or directly applied to the mission.
- Consistent IRS 990 filing history, demonstrating good transparency.
Frequently Asked Questions about John Theriault Scholarship Fund
Is John Theriault Scholarship Fund a legitimate charity?
John Theriault Scholarship Fund (EIN: 16101696) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $523. No red flags identified. 5 strengths noted. Financial health grade: A.
How does John Theriault Scholarship Fund spend its money?
John Theriault Scholarship Fund directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to John Theriault Scholarship Fund tax-deductible?
John Theriault Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 16101696). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is John Theriault Scholarship Fund located?
John Theriault Scholarship Fund is headquartered in Scarborough, Maine and files with the IRS under EIN 16101696.
How many years of IRS 990 filings does John Theriault Scholarship Fund have?
John Theriault Scholarship Fund has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $523 in total revenue.
How does the John Theriault Scholarship Fund manage to operate with such low reported expenses?
The organization consistently reports very low or zero expenses, suggesting it is entirely volunteer-run and may have in-kind support or very minimal operational costs, allowing nearly all revenue to contribute to its mission or asset growth.
What is the primary use of the organization's growing assets?
Given its name, the primary use of the growing assets, which reached $85,888 in 2023, is likely to fund scholarships, though specific scholarship disbursement amounts are not detailed in the provided summary data.
Is the John Theriault Scholarship Fund financially sustainable given its fluctuating revenue?
Despite fluctuating revenue, the organization has consistently maintained positive net assets and grown its endowment from $52,303 in 2011 to $85,888 in 2023, indicating strong financial sustainability and prudent management.
Filing History
IRS 990 filing history for John Theriault Scholarship Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), John Theriault Scholarship Fund's revenue has declined by 9.1%, moving from $3K to $3K. Total assets increased by 64.2% over the same period, from $52K to $86K. In its most recent filing year (2023), John Theriault Scholarship Fund reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $86K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $86K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $503 | $86K | $1 | — | — |
| 2022 | $562 | $507 | $81K | $1 | — | — |
| 2021 | $355 | $355 | $80K | $1 | — | — |
| 2020 | $375 | $374 | $79K | $1 | — | — |
| 2019 | $1K | $1K | $78K | $1 | — | View 990 |
| 2015 | $4K | $0 | $67K | $0 | — | View 990 |
| 2014 | $4K | $0 | $63K | $0 | — | — |
| 2013 | $4K | $0 | $63K | $0 | — | View 990 |
| 2012 | $5K | $0 | $61K | $0 | — | View 990 |
| 2011 | $3K | $0 | $52K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $503, and assets of $86K (revenue +438.8% year-over-year).
- 2022: Revenue of $562, expenses of $507, and assets of $81K (revenue +58.3% year-over-year).
- 2021: Revenue of $355, expenses of $355, and assets of $80K (revenue -5.3% year-over-year).
- 2020: Revenue of $375, expenses of $374, and assets of $79K (revenue -70.2% year-over-year).
- 2019: Revenue of $1K, expenses of $1K, and assets of $78K (revenue -70.1% year-over-year).
- 2015: Revenue of $4K, expenses of $0, and assets of $67K (revenue +2.7% year-over-year).
- 2014: Revenue of $4K, expenses of $0, and assets of $63K (revenue +8.4% year-over-year).
- 2013: Revenue of $4K, expenses of $0, and assets of $63K (revenue -26.0% year-over-year).
- 2012: Revenue of $5K, expenses of $0, and assets of $61K (revenue +53.4% year-over-year).
- 2011: Revenue of $3K, expenses of $0, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John Theriault Scholarship Fund:
Data Sources and Methodology
This transparency report for John Theriault Scholarship Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.